Britain is making efforts to establish itself as a leading global crypto hub, with the Labour government promising to create an environment for crypto companies and blockchain-related businesses to thrive. The government plans to work on draft laws for digital assets like stablecoins as early as next year. The UK's Economic Secretary to the Treasury clarified that they would not consider crypto-staking services as collective investment plans. The government is committed to fostering and embracing blockchain technology and has initiatives like the Digital Securities Sandbox and a pilot program for blockchain-based government bonds. The average value of crypto held by Brits has increased, indicating growing demand. However, the UK's outdated regulations are hindering recognition for crypto-focused investment firms. Meanwhile, the US, under President-elect Donald Trump, is seen as having a positive stance towards crypto. It is advised that Britain follows the US's lead to actively benefit from blockchain and AI technology.



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